Chicago Bridge & Iron (CBI) Tops Q3 EPS by 1c, Offers FY Guidance

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CB&I Reports 2015 Third Quarter Results

November 5, 2015 4:17 PM EST

THE WOODLANDS, Texas, Nov. 5, 2015 /PRNewswire/ -- CB&I (NYSE: CBI) announced today third quarter 2015 net income was $163.8 million, on an adjusted, non-GAAP basis, or $1.54 per diluted share. Revenues for the third quarter were $3.3 billion, including a $290 million negative impact attributable to the translation effect of the strong dollar. Net cash provided by operating activities during the third quarter was $21 million. New awards for the third quarter were $4 billion, with new awards for the first nine months of 2015 approaching $10 billion. Backlog remains fairly constant at $29.9 billion, including a year-to-date adverse foreign exchange impact of... More